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Stock impact report

Air Industries Group Secures $4.0 Million Contract for F-35 Arresting Gear Components [Yahoo! Finance]

Air Industries Group (AIRI) 
NASDAQ:AMEX Investor Relations: airindustriesgroup.com/investor-relations
Company Research Source: Yahoo! Finance
components and assemblies for large aerospace and defense prime contractors, today announced that it has secured a follow-on contract valued at approximately $4.0 million for arresting gear components to be used on the F-35 Lightning II fighter aircraft. The contract originated in a European partner nation of the F-35 program. Production of the arresting gear components is expected to begin in the first half of 2025, with the contract scheduled for completion by year end 2025. This agreement demonstrates Air Industries Group's commitment to supporting global defense initiatives and solidifying its role as a trusted supplier in the aerospace and defense sector. Lou Melluzzo, Chief Executive Officer of Air Industries Group commented: "The initial contract for these products was awarded in 2023, representing our first experience with this new customer. The current order affirms the mutual trust that we have established during the period of performance, and underscores our strategic Show less Read more
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